Qld govt, Gold Coast Council to fund Games

The Queensland government and Gold Coast Council will jointly fund infrastructure for the 2018 Commonwealth Games.

Commonwealth Games Minister Jann Stuckey and Gold Coast Mayor Tom Tate announced on Saturday they were finalising details of a deal in which they will each contribute half of infrastructure funds for the games.

The council said earlier this year it would only pay for the infrastructure if the state government paid it back, but Mr Tate says the new deal is better.

"The amount of infrastructure that we get back in return outweighs, by five or ten times, what we actually invested," he told reporters.

"This is the first long term (sports) infrastructure for our city. It will create another 350 jobs.